Combined with the carry in stocks and modest imports, the total amount of U.S. corn supplies for 2015/16 is nearly as much as last year and the second-largest on record. In short, the U.S. has a very large corn supply and relatively low corn prices. The question is how demand will respond.It has been quite a while since we last looked at the potential supply/demand outlook for U.S. corn. Now that harvest is basically finished and this year’s production is pretty well set, however, it seems appropriate to update our view for 2015/16. Since this may not be a very exciting topic, we will throw in a crystal ball/blue sky guess on the 2016/17 supply/demand balances as well, hoping that what we project will be considered with a great deal of tole...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.